Well Done LLC Increases Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

Well Done LLC boosted its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 5.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 728 shares of the aerospace company’s stock after acquiring an additional 36 shares during the quarter. Well Done LLC’s holdings in Lockheed Martin were worth $354,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Private Portfolio Partners LLC boosted its holdings in Lockheed Martin by 4.8% during the 4th quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company’s stock valued at $244,000 after acquiring an additional 23 shares during the period. Tealwood Asset Management Inc. boosted its holdings in Lockheed Martin by 0.4% during the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company’s stock valued at $2,559,000 after acquiring an additional 23 shares during the period. Southland Equity Partners LLC boosted its holdings in Lockheed Martin by 3.1% during the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company’s stock valued at $342,000 after acquiring an additional 23 shares during the period. Invenio Wealth Partners LLC boosted its holdings in Lockheed Martin by 6.2% during the 4th quarter. Invenio Wealth Partners LLC now owns 414 shares of the aerospace company’s stock valued at $201,000 after acquiring an additional 24 shares during the period. Finally, Pioneer Trust Bank N A OR boosted its stake in shares of Lockheed Martin by 1.3% in the 4th quarter. Pioneer Trust Bank N A OR now owns 1,944 shares of the aerospace company’s stock valued at $945,000 after buying an additional 24 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LMT shares. Morgan Stanley upgraded Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price objective for the company in a research note on Wednesday, April 16th. Wells Fargo & Company decreased their price objective on Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Baird R W upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 23rd. Royal Bank Of Canada cut Lockheed Martin from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Finally, Jefferies Financial Group decreased their price objective on Lockheed Martin from $510.00 to $500.00 and set a “hold” rating for the company in a research note on Monday, April 28th. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average target price of $541.80.

Lockheed Martin Stock Down 2.3%

Shares of Lockheed Martin stock opened at $468.27 on Thursday. The company has a market cap of $109.72 billion, a P/E ratio of 20.23, a PEG ratio of 1.67 and a beta of 0.29. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08. Lockheed Martin Corporation has a one year low of $418.88 and a one year high of $618.95. The firm has a fifty day moving average of $471.66 and a two-hundred day moving average of $469.27.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. The company had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. On average, analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.82%. Lockheed Martin’s payout ratio is currently 57.02%.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.